المادة 14: Investment Policies and Practices

Article 14: Investment Policies and Practices

The investment decisions of the fund manager must conform to well and prudent investment practice in relation to the investment objectives of the fund as set out in the Terms and Conditions, including using its best efforts to ensure:

1) in the case of an open-ended fund, that the investment fund is sufficiently liquid in order to meet anticipated redemption requests;

2) that the investment fund does not unduly concentrate investments in a certain security or securities, in a country, geographic area, industry or sector, except to the extent any such concentration is disclosed in the Fund’s Terms and Conditions; and

3) that the investments of the fund provide a prudent spread of risk whilst having due regard to the investment objectives, investment policies and Terms and Conditions of the relevant investment fund.